How are hospitals managing their denial claims? Through technology and automation, how can an organization impact this challenging area of the revenue cycle?
In the ever-evolving healthcare landscape, denials management remains a critical challenge for providers and payers alike. Denials can significantly impact revenue streams, disrupt patient care, and strain administrative resources. But how do you identify the steps needed to combat denials?
To harness technology for denials prevention, companies must leverage data analytics, artificial intelligence, and automation to proactively identify and address potential denials before they occur.
Streamlining the denials resolution process means optimizing workflows and communication channels to expedite denials resolution, minimize delays and ensure timely reimbursement.
Join Meduit in a Meet the Boss roundtable, as we delve into the complexities of denials management, explore emerging trends, and uncover strategies for effective mitigation.
Event host
Jeff Nieman
About Meduit
While Meduit was formed in 2017, the Meduit family of companies has been providing revenue cycle services to the healthcare industry since 1953. Originally bringing together two leading Revenue Cycle Management companies - MedA/Rx and Receivables Management Partners (RMP) - we have grown organically and through acquisition since our inception. In 2018 we acquired Signature and Creditors Collection Bureau, in 2019 ReveKnow and Alltran joined the Meduit family, CMRE Financial Services was acquired in 2020, and in 2021 we acquired Professional Claims Bureau and Avadyne Health. In 2022, F2 Healthcare and JP Recovery Services joined the Meduit family of companies. Meduit is a Limited Liability Corporation (LLC) managing over $56 billion in accounts receivable for our clients. NexPhase, a private equity group with over $1.6 billion capital under management, is Meduit’s principle owner. Meduit is a wellfinanced company that generates significant cash flow and continues to make investments in people, processes, and technology. Because of Meduit’s size, strength, experience, and expertise, we are able to provide an allencompassing array of revenue cycle management (RCM) services that achieve cash acceleration for thousands of providers across the country. The suite of solutions includes Medicaid Eligibility, EBO (Extended Business Office), Early-Out–Self Pay, Insurance Follow-Up, Bad Debt Recovery (Primary and Secondary), as well as Patient Financing, Medicare Bad Debt Recovery & Reporting, Legacy Work Down and other special projects. MeduitAI provides a full suite of Artificial Intelligence solutions that provide Business Intelligence and Virtual Labor, like SARA. These services improve organizations’ financial performance throughout the revenue cycle, freeing providers to focus on delivering excellence in patient care
Discussion topics
Where do revenue cycle denials and related management rank in terms of key issues impacting your organization?
What is your current denials rate (% or $)
When it comes to payer denials, how has the significant rise in payer denials impacted your organization in the past year?
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